Associate Director, Financial Crime Compliance (FCC) Governance, Policy and Reporting

  • Competitive
  • Kuala Lumpur, Malaysia
  • Permanent, Full time
  • Standard Chartered Bank Malaysia Berhad
  • 21 Oct 17 2017-10-21

Associate Director, Financial Crime Compliance (FCC) Governance, Policy and Reporting

Business

  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
Processes
  • Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
  • Providing governance and oversight over the implementation of FCC-related policies and procedures in Malaysia to ensure compliance with such policies and procedures.
  • Document and maintain all core documents, including policies/processes/DOIs.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC.
Risk Management
  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management [EDIT IF REQUIRED].
  • Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
  • Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
  • Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
  • Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
  • Implement [AML/Sanctions/ABC] risks identification and assessment methodologies.
  • Conduct Country risk assessment.
  • Map risks, quantify the potential impact and escalate where necessary.
  • Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Governance
  • Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
  • Implement quality assurance standards and workflows for the FCC Assurance function.
  • Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
  • Co-ordinate/support the management of audits/exams.
  • Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
  • Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.
Regulatory & Business conduct
  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Lead the FCC Governance team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Other Responsibilities
  • Embed Here for good and Group's brand and values in Malaysia.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.


Qualifications and Skills

COMPETENCIES:
LEADERSHIP COMPETENCIES
Leadership Level: Please choose the leadership level (e.g., Organisation Leader) after reviewing the Leadership Competency Framework
Spot Opportunities
Individual Contributor
Solve Problems
Individual Contributor
Take the Lead
Individual Contributor
Build Resilience
Individual Contributor
Collaborate
Individual Contributor
Communicate
Individual Contributor
Deliver Sustainably
Individual Contributor
Achieve Results
Individual Contributor
TECHNICAL COMPETENCIES
Target Proficiency Level: Please choose proficiency level based on definition in the Competency Framework (Entry, Core, Advanced or Expert)
Compliance Policies and Standards

Compliance Advisory

Compliance Review and FCC Assurance

Surveillance (including Screening and Monitoring)

Investigations

Compliance Risk Assessment

Regulatory Liaison

Manage Change

Manage Projects